Description

On offer is the renowned “Oasis” building and grounds, and the separately titled adjoining residential cottage and grounds. The “Oasis” is a mainstay Commercial / Residential premises in the heart of the iconic tourist hub of Nimbin NSW. A proven commercial success with over 20 years of almost 100% of retail and residential tenancy, this fabulous two storey building comprises 10 rentable spaces including residential accommodation upstairs. Its title is 1,432m2. In addition, the adjoining 2-bedroom 1 bathroom home is one of the original cottages of the village on a title of 1,208m2. Cute and cosy, it has the potential to be extended. Both with main street frontage they are now being offered together as a ‘blank canvas’ for you to develop the 24 accommodation units or re-configure or re-tenant to suit the new owner’s purpose.
The Oasis, 80 Cullen Street, a lovely old two storey building, the commercial premises, has seen many refurbishments and renovations over the years, primarily to accommodate a large restaurant/café at streetside with a huge undercover outdoor seating area. This has traditionally been the meeting place for Nimbin residents and their friends to relax with a coffee, listen to music, meet friends, and even play a friendly game of chess! Given its ability to accommodate large numbers, weddings, birthdays, and large gatherings, it has also been the stopover of choice for busloads of national and international tourists travelling from the beaches of Byron Bay to the visually dramatic mountainous region of Nimbin and surrounds.
And the point of difference with this commercial offering is the DA approval for a 24-room boutique hotel as well as the already built Commercial businesses. This DA, 10 years in the making, is now at the “Construction Commencing” stage and enjoys the council condition of NO expiry on the start date of the Development. This DA specifically utilizes the large land area behind the “Oasis” as well as a portion of the land behind the adjoining cottage and takes advantage of its side access to a public carpark. Accommodation in Nimbin and the surrounding hills area is scarce, so taking on such a development would give the new owners an incredible monopoly on modern travel accommodation in this town. With its proven destination attractiveness, Nimbin is the third most visited destination in NSW. It is also noteworthy that under current Council regulations there will be NO more DA's approved of this nature.
Presented at a realistic price of $1,800,000, these offerings scream “Potential” as well as “Location, Location, Location!” These combined properties titles boast a large 2,640 m2 of land which is rare, but one with a secured future DA plan is gold! All the plans, DA approvals and the ‘Construction has Commenced’ Lismore Council stamped documents included in the package.
Due to health reasons, this is a forced sale and a dream for another to complete. Savvy investors take note.

Call John Wilcox today on 0428 200 288 or Samara Burcher on 0429 80 288 for more information including financials.